Research shows Woolloongabba houses to be good for ‘rentvesting’

A recent real estate study has found the best suburbs for the strategy of ‘rentvesting’ in Brisbane, and Woolloongabba came out favourably.

Rentvesting is an increasingly popular investment strategy where people continue renting in their favourite suburb while also purchasing houses in more affordable growth markets. This will allow buyers to own their own property without compromising their desired lifestyle.

Although the rentvesting method is mostly applicable to less affordable housing markets like in Sydney, it is also a smart move for Brisbane investors who wish to get into the local market. According to Jeremy Sheppard, a property researcher, although rentvesting is still an underutilised investment strategy, buyers who are struggling with unaffordability issues can opt to invest in locations that have a good potential for capital growth.

According to LocationScore.com.au, a property research site, suburbs such as Woolloongabba, Cannon Hill, Lutwyche, and Morningside are attractive for rentvesting. These suburbs are also said to be ideal for both living and renting, offering a high-quality lifestyle near the CBD in an exciting gentrification zone, with very reasonable rental costs.

For those interested in joining the rentvesting trend, it would be wise to get in touch with a real estate agent for expert advice regarding purchasing property in growth markets. The contact details of real estate agents can be easily obtained via word of mouth, or from business cards.